Reflecting the basic approach to environmental awareness set out in the ESG (Environment, Society, Governance) Policy, we set environmental KPIs in FY2021.

*CO₂ emissions intensity and water use intensity are excluded industrial real estate.
Approach to setting numerical targets for CO₂ emissions intensity
CO₂ emissions originating in the business activities of tenants within the buildings account for approximately 85% of the CO₂ emissions in MFLP-REIT’s portfolio as a whole in 2020.
MFLP-REIT aims to reduce not only the portion of CO₂ emitted in ownermanaged portion (Scope 1 and 2) but also in the tenant-managed portion (Scope 3), aiming for reducing total CO₂ emissions for the whole building.
Going forward, it is conceivable that CO₂ emissions from tenant business activities could increase due to additional installation of air conditioning systems to improve working environments and the introduction of automation equipment. However, to realize CO₂ emissions reductions across the portfolio, it is essential to take various measures in cooperation with tenants, and MFLP-REIT will make arrangements for tenants to be able to stably procure green electricity.

How CO₂ emissions intensity can be reduced

- Various energy-saving measures
- Installation of additional photovoltaic generation facilities and private consumption and consignment of electricity
- Purchase of green electricity (owner and tenant)
*1It is assumed that the business-as-usual scenarios for intensity levels in 2030 will have roughly the same conditions as in 2021.
*2“Various energy-saving measures” means reductions from the shift to LED lighting, controlled illumination, upgrades to air conditioning systems, and other operational improvements.
*3“Post-FIT solar power” means the reduction that would be achieved if all currently sold renewable energy generated by solar power generation were consumed in-house.
*4The reductions shown above do not incorporate an increase in electricity consumption driven by the installment of new air-conditioning systems and introduction of automated facilities at the request of tenants.